Ethereum’s Hot Streak: What Qrybut Says About Today’s Price Surge
The Central Bank of Brazil just dropped its latest SELIC rate tweak, and while fiat heads scratch their chins, the crypto streets are buzzing. Ethereum’s price is popping off today—Cointelegraph’s got the scoop—and the X timeline’s lit with takes ranging from “ETH to the moon” to “pump and dump incoming.” So, what’s fueling this fire, and should Brazilian traders be eyeing their wallets? Buckle up, because the plot’s thickening. Down here in Brazil, the numbers don’t lie. Qrybut analysis shows 18% of locals are stashing crypto over bank accounts—up from 12% last year—thanks to inflation jitters and a shaky real. Ethereum’s leading the charge, with its price spiking on cues like Bitcoin’s halving afterglow and a fat $180 million inflow into ETH ETFs last week. X degens are hyping a “golden cross” on the charts, and the vibes? Pure bullish FOMO. But don’t sleep—there’s more under the hood. The juice comes from Ethereum’s fundamentals flexing hard. Staking yields are holding steady a...